-
@ Layer3.news
2025-03-06 05:03:00
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgryl6hnpzvpcg5lcqe7v27fqdg8en5r5jeghgr2ew6wnwe2dylvm5vpe6l9
ETHEREUM SURGES NEARLY 10% AS MVRV RATIO DROPS BELOW 1—BIGGER RALLY INCOMING?
https://i0.wp.com/img.cryptoquant.com/368049/quicktake/HizrjPFq_c64f368c086e61e269adab6931548c2edf9c8d1e39320bca6886546a4103af44.png?resize=1280%2C718&ssl=1
--
✍️ Ethereum's price has mirrored Bitcoin's recent market movements, experiencing a rollercoaster performance before rebounding with a 10% increase in the past 24 hours.
--
👉 Ethereum's price has mirrored Bitcoin's recent market movements
👉 Recent on-chain data suggests that ETH may enter a renewed accumulation phase
👉 Large-scale investors are increasing their ETH holdings, signaling potential support at key price levels
👉 The MVRV ratio has fallen below 1, indicating an undervalued zone
👉 Historically, such levels indicate an undervalued zone, meaning that Ethereum is trading close to the average purchase price of all holders, including institutional investors
--
#Mac #technology
--
nostr:nevent1qvzqqqqqqypzqe874ucgnqwz987qx0nzhjgr2p7vaqayk296q6ktkn5mk2nf8mxaqy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgyxz607c08zdht0mgqsqgrtae5s0j8fnymjq9j7y9wxy34vnrx4xydj3r0k